I got two 1098's since my mortgage was sold. Purchasing company's 1098 says principal balance on 1/1/2018 was zero. TurboTax calculates interest to deduct is zero.

melinda-cromie · ‎June 5, 2019

KittyM · ‎June 5, 2019

If it is the same mortgage, just a new "lender," then use the same principal balance that was shown on your previous lender's 1098.

There should not be an problem with you doing this, but if the IRS questions you, you can easily explain what happened. You can also request a corrected 1098 from the lender, but they rarely issue them.

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KittyM · ‎June 5, 2019

If it is the same mortgage, just a new "lender," then use the same principal balance that was shown on your previous lender's 1098.

There should not be an problem with you doing this, but if the IRS questions you, you can easily explain what happened. You can also request a corrected 1098 from the lender, but they rarely issue them.

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I got two 1098's since my mortgage was sold. Purchasing company's 1098 says principal balance on 1/1/2018 was zero. TurboTax calculates interest to deduct is zero.